Inflation is the increase in the prices of goods and services across an economy. When prices inflate, you need more money to buy the same things. The opposite of inflation is deflation, when prices are lower across a range of goods and services.
James Howell, a 17th century historian cum writer was the first writer to earn his living from writing alone in the English language; other writers of those times pursued writing as a hobby, not a profession as writing alone never paid enough.
Making the world better, one answer at a time. The first Gothic novel written was The Castle of Otranto by Horace Walpole, in 1764. He wrote it based on a dream he had, in which he found himself in an ancient castle. Other authors of Gothic novels used his ideas and themes to write their own stories later on.